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<ul><li>₹10 crore of the proceeds from the fresh issue will be used to repay or prepay certain borrowings availed by the company. </li><li>The current growth of the company has been aided by the geographical advantage of being located in Noida, Greater Noida and Noida Extension </li><li>The equity shares are being made available for purchase through the red herring prospectus of the company, dated July 18, 2023, which has been filed with the Registrar of Companies. </li></ul><keyword id="1672659" type="General" weightage="20" keywordseo="yatharth-hospital" source="Orion">Yatharth Hospital</keyword> and Trauma Care Services proposes to open its initial public offering (<keyword id="6354763" type="General" weightage="20" keywordseo="ipo" source="Orion">IPO</keyword>) of equity shares with a face value of ₹10 each on Wednesday, July 26, 2023. The IPO will consist of two components: a fresh issue of equity shares, amounting to ₹49 crore, and an offer for sale of up to 6,551,690 equity shares by existing selling shareholders (collectively known as the "Offer"). The anchor investor bidding date is scheduled for Tuesday, July 25, 2023. The subscription for the offer will open on Wednesday, July 26, 2023, and conclude on Friday, July 28, 2023. The company has fixed the price band for its equity shares at ₹285 to ₹300 per share, allowing bids for a minimum of 50 equity shares and in multiples of 50 thereafter. <cmsannotation type="cmsannotation" annotationid="How the funds from the IPO will be utilised" comment="subhead" text="How the funds from the IPO will be utilised">How the <keyword id="6356305" type="General" weightage="20" keywordseo="funds" source="Orion">funds</keyword> from the IPO will be utilised</cmsannotation> The net proceeds from the fresh issue will be utilized as follows: firstly, up to ₹10 crore will be used to repay or prepay certain borrowings availed by the company; secondly, up to ₹14.5 crore will go towards repaying or prepaying borrowings of its subsidiaries, AKS Medical and Research Centre and Ramraja Multispeciality Hospital and Trauma Centre, and thirdly, ₹2.56 crore will be allocated to fund the <keyword id="36749" type="General" weightage="20" keywordseo="capital" source="Orion">capital</keyword> expenditure expenses of Noida Hospital and Greater Noida Hospital. Also the company's subsidiaries, AKS and Ramraja, will receive up to ₹10.69 crore to support their respective hospital's capital expenditure expenses, and ₹6.5 crore is intended for funding inorganic growth initiatives through acquisitions and other strategic endeavors; and finally, the remaining balance will be utilised for general corporate purposes. The offer for sale consists of three categories of equity shares being offered by the promoter group sellings shareholders: up to 3,743,000 equity shares by Vimla Tyagi, up to 2,021,200 equity shares by Prem Narayan Tyagi, and up to 787,490 equity shares by Neena Tyagi. <cmsannotation type="cmsannotation" annotationid="The geographical advantage can be a double-edged sword" comment="subhead" text="The geographical advantage can be a double-edged sword">The geographical advantage can be a double-edged sword</cmsannotation> According to analysts at Axis Capital, the current growth of the company has been aided by the geographical advantage of being located in Noida, Greater Noida and Noida Extension. The Gautam Buddh Nagar district, the area in which their existing hospitals are situated, has witnessed strong economic growth in the last few years. These areas have developed rapidly in recent years on account of the growing real estate, economic development in these regions and increased purchasing power. Further, employment and capital invested in industries in these regions has been growing at a good rate, indicating potential for growth and economic activity. Being located in these regions allows them to serve patients from UP, Delhi, Haryana, Uttarakhand and other states as well. Their recent acquisition of the Jhansi-Orchha hospital is aimed at further expanding into new geographies and growing their presence in the regional healthcare market. However, as mentioned in the Red Herring Prospectus, this is also a potential risk. The company's operations are primarily concentrated in the Delhi NCR region. It heavily relies on certain specialties for a significant portion of its revenues. The financial performance of these hospitals and the earnings from its key specialties play a crucial role in shaping the overall business outcomes, financial condition, results of operations, and cash flows. Their ability to attract, retain, and train healthcare professionals, and operational, reputational, medical and legal claims, regulatory actions or other liabilities that could adversely affect their reputation and prospect have been identified among other risks. The equity shares are being made available for purchase through the red herring prospectus of the company, dated July 18, 2023, which has been filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana. The plan is to have these shares listed on recognised stock exchanges, namely BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE"). BSE has been designated as the specific stock exchange for the Offer.

Yatharth Hospital & Trauma Care IPO price band set at ₹285 to ₹300 per share – Key things to know

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<ul class="summary-list"><li>This couple takes guests on eight-day-long luxury yacht trips priced at $34,000 per trip.</li><li>They work intense 16-hour days, cooking and cleaning, and are also tour guides and on-board entertainers.</li></ul>British couple Lily Davison and Nik Dorward are the faces that'll greet you when you board the <a target="_blank" href="https://sailinglocation.com/">Sailing Location</a>, a private luxury yacht that takes passengers around the Bahamas for $34,000 per trip.Davison, who <a target="_blank" class="" href="https://www.bravotv.com/the-daily-dish/meet-below-deck-med-season-8s-new-stew-lily-davison">starred</a> in the eighth season of "Below Deck Med," a reality show about staff who work on luxury yachts and serve demanding clients, now works primarily as the private chef on board Sailing Location.But because it is a two-person crew working a 55-foot yacht, the couple wears multiple hats. They do everything from cleaning and steering the boat to acting as tour guides and taking their guests snorkeling and spearfishing.It's a demanding job: The couple works 16-hour days for 18 weeks a year. But they say it tops all the other hospitality jobs they've held.<h2 id="f485548c-97c6-4328-b5cf-ff7f2f156258">Life working on board a luxury yacht</h2><div type="image" title="An aerial view of the Sailing Location yacht." height="2962" width="5272" msid="112188162" hostid="261" sizebytes="1693882"></div>The crew takes guests on <a target="_blank" href="https://sailinglocation.com/location">eight-day trips</a> in the Bahamas, starting from Nassau, New Providence, to the Exumas islands.They do two trips a month during their sailing season, which lasts nine months from November to July.Dorward started working on the yacht in April 2022. Davison joined him in October that year, and they started dating shortly after.Their yacht has a maximum capacity of eight guests, who are housed in four guest rooms — a large queen owner's suite and three queen guest suites.The yacht also has a large upper deck, a lounging area, an open kitchen, and a convertible saloon area, which can be opened for 180-degree open-air dining.Davison, 25, told BI that the couple steers the yacht to the Bahamas' most "Instagrammable" locations.<div type="image" title="Swimming pigs of the Exumas islands." height="700" width="933" msid="112188166" hostid="261" sizebytes="87756"></div>These include sights like Pablo Escobar's sunken plane at Norman's Cay, swimming with nurse sharks at Compass Cay, seeing the filming location of James Bond's "Thunderball" in Staniel Cay, and feeding the Exumas' iconic swimming pigs.A large chunk of their clientele is American, given Nassau's proximity to Florida.<h2 id="cbd04469-9163-4c73-8905-8a34fb36da1f">Long days for the two-men crew</h2><div type="image" title="An interior view of the Sailing Location yacht." height="4016" width="6016" msid="112188161" hostid="261" sizebytes="1473716"></div>The duo wakes up at 6:30 a.m. every day before their guests rise. The first task on Davison's schedule is to prepare a hot meal for them as soon as they are up.Being a private chef on a yacht in remote islands means she must thoroughly prepare in the days before each voyage. She gets her guests' dietary requirements and other food specifications in advance, which allows her to plan the meals."We go to the most remote islands you could probably ever go to, and so we have to buy everything before," Davison said. "I plan my list and literally triple-check it because once we're at sea, there is really no place to get anything."<div type="image" title="A meal by Davison on board the Sailing Location yacht." height="4016" width="6016" msid="112187905" hostid="261" sizebytes="1064948"></div>After breakfast is done, she clears it down and sets the table with Dorward's help. She then jumps straight into preparing lunch, followed by a snack, dessert, and dinner. Besides cooking and steering, the two also work hard to keep their guests entertained."We take people snorkeling probably twice a day," Dorward, 32, said. "We'll do wakeboarding and tubing off the boat, and take them spear fishing."<div type="image" title="Lily Davison and Nik Dorward in the Bahamas." height="2962" width="5272" msid="112188170" hostid="261" sizebytes="1734930"></div>Even after it's dark and their duties are winding down, Davison said she tries to keep things interactive with the guests by hosting game nights "just to make sure everyone's having a great time."They normally work until 9 p.m. when their guests retire to their suites, but Davison said they are technically on call 24 hours a day, for eight days straight.<h2 id="7959b948-818b-418a-92f6-3a5d61fe88ed">Tops other hospitality jobs</h2><div type="image" title="A coconut drink served on board Sailing Location." height="4016" width="6016" msid="112188167" hostid="261" sizebytes="711886"></div>Before getting the yacht job, the couple both worked in several hospitality gigs, from teaching sailing to working in the food and beverage industry.But they say that working on board the Sailing Location is the best hospitality job they've had despite the long hours and strenuous work.For one, their living expenses are low, because on the boat, they don't need to pay rent.They do need to pay for their own food and drinks, which they estimate comes to around $500 a month per person.Dorward told BI that being on the yacht is a great job "if you can take the hit of being away from people like your family."And they haven't had any nightmare guests, Davison said, unlike when she was on "Below Deck Med.""One of the guests was so drunk he came into our cabins all the time when we were trying to sleep," Davison said.<div type="image" title="Nik Dorward and Lily Davison aboard the Sailing Location yacht." height="2962" width="5272" msid="112188168" hostid="261" sizebytes="2089592"></div>But mostly, the experience of being on the yacht itself is rewarding, Davison said."I love it because yet to be on the water all the time, and you're basically living on a beautiful boat and in a beautiful place," she said.

An ex-'Below Deck Med' cast member now crews a private luxury yacht in the Bahamas with her boyfriend. They work 16-hour days, but say it's the best hospitality job they've ever had.       

IT major <keyword id="10862" type="General" weightage="100" keywordseo="wipro" source="Orion">Wipro</keyword> stated on Wednesday that its campus in <keyword id="3764951" type="General" weightage="80" keywordseo="doddakannelli" source="Orion">Doddakannelli</keyword> locality of the city has been constructed as per the sanctioned plan. The response comes after its name figured in the list of alleged encroachers, prepared by the city civic authority, the BBMP. Several high profile developers, IT majors, and hospitals, are named as encroachers allegedly responsible for choking almost 700 storm water drains (<keyword id="265021" type="General" weightage="50" keywordseo="swd" source="Orion">SWD</keyword>), as per an internal note of the BBMP tasked with clearing up the mess. Dated August 17, the city civic authorities' note names 15 encroachments by various developers and firms like IT firms, hospitals, and educational institutions. The BBMP list includes entities like Prestige, Bagmane Tech Park, <keyword id="178491" type="General" weightage="50" keywordseo="columbia-asia-hospital" source="Orion">Columbia Asia Hospital</keyword>, Eco Space, Gopalan, Salarpuria, Wipro and <keyword id="1575" type="General" weightage="50" keywordseo="congress" source="Orion">Congress</keyword> leader <keyword id="6325738" type="General" weightage="50" keywordseo="haris-nalapad" source="Orion">Haris Nalapad</keyword>. However, Wipro has set the record straight with its statement on Wednesday. The company indicated that its campus mentioned in the BBMP list is as per sanctioned plans. "Wipro abides by the laws of every jurisdiction where it does business and adheres to the highest standards of integrity. The Wipro campus in Doddakannelli is as per sanctioned plan. We have not received any notice from BBMP." Over the past two days, civic authorities have embarked on a demolition drive of the alleged encroachments which are said to have led to blocking of storm water drains which ultimately resulted in massive flooding and water logging of several localities in the Magadevapura zone of the city. The area is hub of tech companies. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/sensex-snaps-four-session-winning-streak-with-a-224-point-fall/articleshow/94200945.cms">Sensex snaps four-session winning streak with a 224 point fall</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/housing-finance-companies-aum-to-grow-10-12-in-fy23-crisil/articleshow/94200773.cms">Housing finance companies' AUM to grow 10-12% in FY23: CRISIL</a>

Wipro clears air on Doddakannelli campus after it makes it to an encroachment list

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Yatharth Hospital & Trauma Care IPO price band set at ₹285 to ₹300 per share – Key things to know

Anagh Pal

Dating apps helped me find love. Now they've turned into a total scam.

Albert Fox Cahn

An ex-'Below Deck Med' cast member now crews a private luxury yacht in the Bahamas with her boyfriend. They work 16-hour days, but say it's the best hospitality job they've ever had.

Aditi Bharade

Wipro clears air on Doddakannelli campus after it makes it to an encroachment list

IANS

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